Introduction
| Our Portfolio - Introduction |
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Our strategy in Private Equity builds on the strength of a portfolio
of listed investments providing a stable revenue base. Our overall portfolio
allocation reflects this positioning.
Listed Investments |
Large interests in well-established businesses such as Arcelor Mittal,
RTL Group or SES Global represent well over 40% of BIP’s assets.
These global players have a track record of steady growth reflecting leading
market positions and excellence in their fields.
BIP continually expands the scope of listed investments to other small
and mid-sized companies offering attractive growth perspectives. We aim
to develop privileged relationships with these firms, offering opportunities
for mutual benefits. Investments in this category represent a limited
number of holdings, each amounting to at least EUR 6 million investment.
Listed investments are usually held for several years, with no defined
exit horizon. However, we regularly make upward or downward adjustments
to take advantage of trading opportunities. |
| Private Equity Investments |
| BIP‘s Private Equity (PE) business covers Late Stage Venture Capital (VC) and Buyouts.
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| Venture Capital |
Our Venture Capital business centres on investments
of up to EUR 5 million. Acting as involved partners, we provide equity
or equity-like financing to promising projects without interfering in
day-to-day management. A main focus for BIP is growth capital, i.e.
investments in existing firms with a track record implementing major
expansion plans, Special attention, although not exclusive attention,
is given to projects involving high technology. |
| Buyouts |
BIP offers ambitious entrepreneurs or management
teams a wide variety of debt and equity financing options to take over
control of existing businesses. These range from ordinary shares and
convertible bonds to preferred shares, senior mezzanine finance with
an equity kicker and high yield debt. The typical investment size considered
in this category is between EUR 5 million and EUR 15 million. |
| Venture Capital funds |
Complementing its direct Private Equity investments,
BIP also holds investments in specialized
funds. This indirect investment activity will gradually be discontinued.
BIP has grouped its fund investments as well as other PE investments
in a dedicated fully-owned investment vehicle called “BIP Venture
Partners S.A., SICAR”. |